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FASB: share-based payment to be recognized in financial statements
FASB has published Statement No. 123 (revised 2004), Share Based Payment, requiring that the compensation cost relating to share-based payment transactions ......(Continue Reading)
An update on review engagements: SSARS no. 10 amends the guidance covering reviews of financial statements
In issuing Statement on Standards for Accounting and Review Services (SSARS) no. 10, Performance of Review Engagements, the AICPA accounting and review ......(Continue Reading)
Financial statement assertions: auditors can use a framework built around five types of assertions to help assure financial statements are fairly presented
THERE ARE ONLY THREE CONditions that can cause an account balance to be misstated: missing entries, erroneous entries, and the presence of entries that ......(Continue Reading)
Financial Statement
The defintion of a financial statement and a glossary of nonprofit terms....(Continue Reading)
Presenting Small Business Financial Statements to a Lender
Business owners who present their financial statements to a lender will usually present a full set of financial statements to the lender. These include a recent balance sheet, a profit and loss statement, a statement of cash flows, and notes to the f...(Continue Reading)
Interpretation of Financial Statements by Benjamin Graham
The Interpretation of Financial Statements by Benjamin Graham takes the reader on an in-depth study of the analysis and use of published financial reports....(Continue Reading)
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